For the very first time, Bitcoin, the top digital currency in terms of market value, has surpassed and maintained itself above the significant $100,000 threshold for over 30 consecutive days, according to CNBC’s latest report.
For the very first time on December 5th, the leading digital currency surpassed a long-desired threshold. However, in the same month, Bitcoin went through a significant adjustment, dropping back to a nearby minimum of around $92,188 on December 20th.
Back in January, Bitcoin hit an all-time peak of $109,356, a level it maintained for multiple months without dipping below.
Over the ensuing months, the leading cryptocurrency underwent a significant decline, hitting a 2025 minimum of $76,600 on March 11th.
According to U.Today’s report, Bitcoin has been inching closer to an unprecedented record high. Earlier today, the price dipped slightly below $109,000 but is expected to break through to a new all-time high later this month as per predictions made by Polymarket bettors.
Following the event known as “Liberation Day,” Bitcoin initially showed increased volatility. However, it managed to rebound in April and May, ultimately hitting its record peak of $112,000 on May 22.
Currently, experts from Bitwise believe that Bitcoin’s fundamental value could be around $230,000 because it’s becoming increasingly seen as a protective asset against rising debt risks.
Currently, it’s worth noting that the former CEO of Strategy, Michael Saylor, has expressed his viewpoint that we may not see a return of the so-called “crypto winter.
Currently, the crucial support level for Bitcoin has strengthened at approximately $48,000. This suggests that a significant drop below this point may not occur in the near future.
Read More
2025-06-10 22:38